EU-India trade exchanges fallJuly 17th, 2012 - 8:29 pm ICT by IANS
Brussels, July 17 (IANS) Exports from the European Union (EU) to India have fallen by one percent from 13.1 billion euro for January to April, 2011 to 13 billion euro (about $16 billion) for the like period this year, EUAsia News reported Tuesday.
Indian exports to the EU, however, fell by 10 percent from 13.8 billion euro in January to April 2011 to 12.4 billion euro for the same period in 2012.
The figures have been released by the EU’s statistical office Eurostat.
EU exports to most of its major partners, however, grew in January-April 2012 compared to January-April 2011, except for Turkey (-5 percent) and India (-1 percent).
The most notable increases were recorded for exports to Russia (+19 percent) and Brazil (+18 percent).
As regards EU imports, the pattern was mixed. The largest increases were recorded for imports from Norway (+13 percent), the US (+8 percent) and Russia (+7 percent) and the largest falls with India (-10 percent) and Japan (-8 percent), Eurostat noted.
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